Title: Virginia Application for Extension of Time Period for Reservation of Corporate Name — Everything You Need to Know Description: Are you a business owner planning to reserve a unique corporate name for your company in Virginia? This comprehensive guide provides an in-depth description of the Virginia Application for Extension of Time Period for Reservation of Corporate Name. Discover the key details, eligibility requirements, procedure, and different types of Application for Extension of Time Period for Reservation of Corporate Name available in the state of Virginia. Keywords: Virginia Application for Extension of Time Period, Reservation of Corporate Name, eligibility requirements, procedure, types of Virginia Application for Extension of Time Period for Reservation of Corporate Name: 1. Standard Application for Extension of Time Period for Reservation of Corporate Name: In Virginia, businesses can submit a standard application to extend the reservation period of a corporate name they have previously reserved. This application allows an extension for an additional period, ensuring exclusive ownership of the desired name for a longer duration. 2. Expedited Application for Extension of Time Period for Reservation of Corporate Name: For businesses requiring a swift response, Virginia also offers an expedited application process to extend the reservation period of a corporate name. This service ensures a faster turnaround time for processing the application and granting the extension, accommodating businesses with urgent name reservation needs. Key Details and Eligibility Requirements: 1. Reservation Period: The initial reservation period for a corporate name in Virginia is 120 days. To extend this period, businesses must file the Application for Extension of Time Period for Reservation of Corporate Name before the expiration of the original reservation. 2. Entities Eligible to Apply: The application for extension can be filed by the individuals or entities that initially reserved the corporate name, such as corporations, LCS, partnerships, or individuals intending to establish a business entity. 3. Application Procedure: To apply for an extension of the reservation period, businesses must complete the Virginia Application for Extension of Time Period for Registration of Corporate Name form accurately. The form can be downloaded from the official website of the Virginia State Corporation Commission. 4. Filing Fee: Along with the completed application, businesses are required to submit the appropriate filing fee, which may vary depending on the type of application and service chosen. Consult the Virginia State Corporation Commission's official website or contact their office for up-to-date fee information. 5. Processing Time: Upon submission, the Virginia State Corporation Commission will review the application for extension. The processing time generally depends on the workload and complexity of the application. However, expedited applications can significantly reduce the waiting period. Conclusion: Reserving a corporate name is a crucial step for establishing your business identity in Virginia. Understanding the process and types of Virginia Application for Extension of Time Period for Reservation of Corporate Name ensures that businesses can safeguard their desired names. Start your name reservation process today and secure your unique corporate identity in the dynamic business landscape of Virginia.